How will the following items be presented in the ‘Income and Expenditure Account’ of a club for the year ending 31st March, 2019 and the Balance Sheet as on that date?
|Tournament Fund on 1st April, 2018||3,00,000|
|10% Tournament Fund Investments on 1st April, 2018||3,00,000|
|Interest received on Tournament Fund Investments||30,000|
|Sale of Tournament Tickets||75,000|
|Tournament prizes awarded||60,000|